Sia-Tech is back crabbing... I got the below just FYI for you to see this cluster start----------------------------------------------- Dear Obelisk Customers, First, we want to sincerely apologize for the delays and the lackluster communication. Your preorders have allowed us to build a strong team and produce two generations of mining hardware. We could not have done this without you, and we are enormously grateful and appreciative. While some customers have requested refunds, Obelisk is dedicated to shipping out all orders to all customers. We have already disbursed the majority of our funds to engineering, components, and manufacturing for all batches. At this point, attempting to provide full refunds to all customers would be impossible. Obelisk would be insolvent, customers would receive pennies on the dollar, and our ability to deliver Batches 2-5 would be jeopardized. After significant internal discussion with the Obelisk team, board, and legal counsel, we are putting together a solution that we think is fair to our customers and will have widespread support. Before officially announcing, we need a few more days to finalize the details and guarantee that the plan is viable. What we can announce is that production for Batch 1 began this evening, and will continue throughout the weekend. We expect to begin shipping Batch 1 units to customers next week. It will take a couple weeks to fulfill all Batch 1 orders, but we expect Batch 1 customers will receive their hardware by August’s end. We will follow up next week with a subsequent announcement detailing our plan. Best, - Team Obelisk Copyright © 2018 Obelisk, Inc. All rights reserved. You are receiving this email because you signed up for our mailing list or placed an order on our website. If you wish, you can unsubscribe, but you will no longer receive Obelisk project updates. Our mailing address is: 67 Batterymarch St, Floor 4 Boston, MA 02110 end ----------------------------------------------------- Likely options below: 1) they announce (most likely rumor) that they are going to overclock these puppies from 500 watts to 800 to 1000 watts..(burn them out baby) of course the hash rate I've been told is 20% less than they expected..so most that will do is a 'wash' and burn the units out..this is what I expect...at least in some part. 2) they will offer 1/2 off coupons on their next miner of whatever ASIC flavor and/or also make a new algo coin to do so (ie Bitmain evil plan) to try and promote these and future doorstops. 3) they announce a new coin/fork (very unlikely with these units) 4) fork coin so that you can mine more siacoin units of little worth but it looks like you are doing something of note anyway at your electric loss....fudge the numbers up for mining this coin....dangerous..... again, the most 2nd most likely is 1/2 off some new damn ASIC To Be Determined in the future and my 1st bet is they are just gonna burn out and overclock the hell out of them as a token fix... I am 'still' befuddled on how they expect their decentralized storage network to work IF most GPU miners have already left (and with ASIC's no reason to come back for the few GPU's left) and/or how do they expect to 'ramp up' their 'vision' network with ASIC's mining electric at a loss...just can't see it. tweak the algo so you get more tokens? other weirdness? below is what I'd make if it showed up today I lose -2c a day in the bsmt ..not worth shipping them with my data hall costs with elec and rent of 14c kWh. https://whattomine.com/coins/161-sc-blake-2b?utf8=%E2%9C%93&hr=800.0&p=500.0&fee=0.0&cost=0.14&hcost=0.0&commit=CalculateSo, again, the units will stay in the box... as a side note the decred unit (free one I got for my 5 coupons at 1/2 off) that makes 6c a day..if I had it now https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200&p=500&fee=0.0&cost=0.14&hcost=0.0&commit=Calculatethey surely f*cked themselves as much as us brad |
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if you don't have a lambo .... than just sell the car that you do have and buy the same 6K bitcoins .... and buy it back with the same BTC dust  But if you did that in January you would still be hitchhiking today.  This is why the rich get richer, they can hold during bear markets. What I need to do is get off my lazy butt and work again. For (d revalued) bitcoins. I retired in Jan when BTC was at least 2x as now. I should likely do the same..go back to work....the problem is: 1) working with idiots. (that was a relief retiring) 2) the pay seems to not be following, what they expect from you on the job. *massive understatement* So currently it is a NAW. I 'suppose' if I found something before it hit the want ads and/or such...perhaps it might make sense for the right job/pay/boss...but you don't hear of those...they get snapped up pretty quick...never make public view. Naw, will burn all my altcoins and all my BTC if it comes down to it....to stay retired the next 2 years till 65. Then will be available for Medicare and that last year till 66 and full retirement I can use the 70k work 401k to tide me till 66 years and full boat retirement. ....Assuming my altcoins and bitcoins (ack.... my precious....) last that long. Was planning in Jan for it just to be altcoins..that is getting iffy  Again, my 'guess' that I'm going with is at this moment in the USA 'everything' is a bubble. I hope BTC has blown its bubble and is done and acts like a store of value in a recession and goes sideways or up...and of course BTC and alts goes no lower then 2x the amount it was last year in BTC (adding BCH value as well)...with the same ratio for my altcoins...this is the bottom... If so...I expect a pretty 'good sized' recession in the next, with the regular investments in the next 1-2 years. A normal recession is like a 20% correction..me....planning on a 40% to 50% hit on traditional investments outside of crypto. Thus, assuming I don't bust my ass and have medical issues and debt (no debt now) even if the crypto angle and above is as bad as I suspect..ie same 35k lifestyle and no debt thru 66 years and beyond (with soc sec at 66 and Medicare at 65) so big 'yawn'. But again, get your ducks in row folk. IMHO, attic mine crap in the attic sell on eBay for crypto, lessen debt....because it is gonna haunt you when it all goes to pieces this next recession (been thru 4-5 recessions) thus you look back at all the signs and say such epic things as 'why the hell did I get a new car? etc....again, IMHO, we are due...and when the tax cut parties are done....blamo... hope I'm wrong. (likely wrong with my economic term of blamo) but if I'm wrong I'll simply have MORE income than I expected.....thus my logic....win/win denial...and delusion is how I cope in the world (tm searing) later brad er NOW...not so much...can't afford the lifestyle of a female sales clerk at J.C. Penny..... the universe is 'cruel' Remember my friend, you don't pay for them to come into your life. You pay them to leave. Very important to always remember this. good point..... |
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bump let me know what you need for a cube or more..we can dicker brad |
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Alas, at last years BTC prices...I could afford them. (ie...keep them in the lifestyle such 'trophy girlfriends' require.) er NOW...not so much...can't afford the lifestyle of a female sales clerk at J.C. Penny..... the universe is 'cruel' alas... |
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"For investing in a German ICO a KYC process is required. After you got whitelisted, we will provide you with a referral link to get rewarded for inviting your friends to MADANA."
And when will that be? Before September 1st I suppose? Will there be a referral link for bitcointalk forum?
Still confused? Does this apply to the USA or are we just 'out' of this ICO, regardless of KYC stuff? again, not sure if I would do this, just saying, being in the USA, I think anyone is OUT of this as illegal. anyway, more clarity anyone for USA situation? thanks brad |
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Can someone overclock this machine to make hashrate more than 1k?
If we could double the hashrate it would still take many, many years to roi. Too many. Scam of the year easily. Titan V is 4.2 kH/s Titan V will probably roi much faster than B3 if mining Bytom, but it will likely be over 1000 days. these units were originally made for A.I. use. Is there any way you can simply 'flip them back' for that use? if Bitmain was as lazy as I expect it should be do'able just by getting the A.I. software or I should say firmware. not much of an angle...but hey it might be something for those who have these doorstops. (i don't have these but had D3 doorstops, so I can relate) brad |
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Lisk's First Major SideChain ICO - Madana, Is All In GearsLisk has been among the most prominent cryptocurrencies mainly because of its Sidechains. The arrival of Lisk's Sidechains are expected in the first quarter of 2019, and now we have the very first official sidechain ICO, Madana. Let's see what exactly is Madana?Madana is an abbreviated form of Market for Data analysis. MADANA stands for an open data analysis platform, preserving privacy by design. The blockchain-based ecosystem allows anyone to stay in control of their data while monetizing it in an anonymous way, which is the current need of the hour as in the present situations, the data producers hand over their produced data to third parties. Apart from this, Madana also provides a feature where they can give data to Data Analysts for getting a reward which in turn gets processed by the Analysts and once done, it can be sold to third parties. In this way, Madana protects the data from being misused with the help of blockchain technology. Currently, Madana is in the patent-pending process. The project is having a sturdy and sizeable team for the pre-ICO, making a strong foundation of the project which can not only just be an application of LISK but also can be applied beyond the blockchain use cases. Madana has its native token that will be fuelling the Madana data ecosystem, called Privacy Analysis Exchange (PAX) token. The public presale will start on September 1 and close on October 31. During this presale, PAX tokens will be sold for $0.50. Why Madana Chose LISK? Read Here full annoying...in that folk from the USA are NOT allowed in the above ICO. *not saying I'd do so...but being from USA the point is 'moot' brad |
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Continuing to mine a coin that you are sure will increase in value is otherwise always going to be far more profitable than shutting your miner off.
Then its better to mine it with GPU, because its much more efficient than a B3. Bitmain Antminer B3 was built to offload non-seller called SOPHON BM1680. They developed those chips 1,5+ years ago and nobody wanted them. B3 (Sophon chips) are not developed to mine Bytom. With some weird coding tricks Bitmain successfully managed to make those chips mining Bytom. Then they put all BM1680 into some aluminium boxes and called it "Tensority Asic". Haahaa! I thought ASIC's are chips, special produced to do computing operations at max efficiency. If all GPU's (maybe CPU also?) are much more efficient than BM1680, why should I use Antminer B3? @Bitmain: Stop telling us lies about hacked/stolen code! YOU can develope chips/ASIC! Some non professional coders managed to beat your B3 using GPU!! GPU is not a specialized chip to mine Bytom. Thats the best proof, your BM1680 is not built to mine Bytom. Bitmain, you scammed me! You sold a super hightec special developed ASIC to me,which is NOT! You sold me old and almost useless chips, packed into a box and telling me "look whats that? Our new ASIC Miner!". somewhere in the thread I and others mentioned this. These units are the A.I. units for artificial intellegence...been aroud a year or so....so they built a coin around the units when they became and/or saturated the A.I. market. Bitmain: rinse, wash, repeat. And of course it did not work, but damn they moved a lot of old A.I units out of production for new A.I. units from the $$$ to be put into newer research labs...of course they expected it to work well enough that they could rinse/wash/repeat that as well so yeah, it was a 'trap' indeed...consumers left holding the bag...I new this to be true ..in that THE NEXT DAY they had these B3 miners to sell ie...no pre-orders... sorry for your loss, we have all been there. myself, I doubt I will buy any 1 algo miner from anyone again, FPGA maybe or something where firmware can be adjusted...I think pow-scrypt may actually die from bitmain's stunts....as a 'former' big miner (30 plus units in a data hall of various mnfg's) I'm out...to hobby mode..IMHO this is not the time to buy equipment if you do want equipment i'd hoard coin and wait for a 'hopeful' 25% pump of the current price..then consider it. At this price of 8k sideways price it makes no sense and at 6k it makes no sense ....this added to the only option is bitmain etc...best maybe to wait till 2019 and look for new options and/or save crypto on the pump. w/o a pump ...no reason to get new equipment even if it made sense.....sideways price is always sketchy to dump eventually again IMHO again sorry for your loss So, thats why those asic machines are shiat.... Afraid so, on the week they did this I called my buddies up and said ..if it worked it would be 'evil genius' at it's best...but if it did not work...a lot of folk would be left holding the bag....as usual we agreed there would be 'no risk' to bitmain in anyway...if the coin took off they were golden...if the protocol did not take off...they sold a crap load of machines ...so win/win we actually we're in 'dismayed awe' at the sheer balls of the move bitmain: risky choices for you..more $$$ for us. (tm bitmain) |
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Bitcoin back to where it was 27 days back:
What a waste of time. Sheeit. Aug 7th 2017 $3,638.38 usd seems the last year was but a 'dream' but still better ....not sure what to think....currently $6,335.00 usd btc. My view is NOW it will bounce below 5K in that even big miners (data halls) can't pow scrypt mine ANY crypto BTC or whatever at these prices and not be at a loss....thus they have bankers to pay etc. So I expect a big dump of btc and crypto. Or at least what I've been told by a couple of owners of such. The choice is pay off the debts/banks and any loans with crypto. If it all goes tulips and the folk pull their contracts for miners or you are under water..you at least salvage the building and shut your stuff off (hopefully for now). I'm talking 200 -500 unit data halls. Hell, I doubt bitmain is even making $$$ at these prices over costs...at least for their stuff in the states. so, with those folk, in HODL mode, due to revenue and that revenue goes away as folk shut down....again gonna be ugly yet I think brad OH MY FUCKING GOD. Lots of doom and glom on the way. Shit. Holy shit.  https://www.newsbtc.com/2018/08/08/fud-fueled-crypto-market-dumps-25-billion-in-24-hours/We're 9.5% down in 24 hours?! Is that how much we fell? REALLY?! Once again traders and hodlers have been suckered into the FUD frenzy and are selling out of crypto. It was hardly as if this decision wasn’t expected and nothing else has really changed in the ecosystem. Total market capitalization has plunged 9.5% on the day resulting in a loss of almost $25 billion. They are currently at their lowest point in 2018 which is just over $231 billion and the bear market is still in full effect.
Aren't you able to do your own math and assessment too? Is 24 hours an important measurement? Don't we need to look at both the UPs and the DOWNs and the context before we get worked up about whether 24 hours was a 7% or a 9% or a 20% drop? Furthermore, if we are attempting to time a little bit short term, then context becomes even more important to determine whether and how much we buy (or sell - which would be dumb) now or wait for the next price move before taking some kind of buy/sell action. Of course, my own portfolio has been in a dominantly buying situation since the price rise to $8,500 with my first buys occurring around $8k and so far down to $6,300 with my next buys set for a bit above $6k... So if we look at the local top, and perhaps I am helping you out too much, then we might see shorter term significance coming from the period in which we came down from $8,500 to nearly $6,100, which is approaching a 30% drop - well 28.2% to be more specific. Anyhow, part of my point remains that any attempt to quibble with numbers provided by someone else (whether in an article or in a post) is to consider the context in which the numbers are presented and attempt to determine if that context is very relevant or if a different context would be more relevant (especially for your own considerations about either what to do or how to perceive the situation). you are correct if BTC survives in the future...myself, I see it as going down more, with miners and data halls (big guys) now feeling the pinch. Sell some coin, keep the building/etc as a hedge, seems to be the game now. Can't count on income and thus that would keep the banker at bay. But ugly. If BTC and crypto is not FUD'ed to death after all this, again IMHO, no ETF will be allowed with the price dump of from 18,000 usd to now $6,358 or using these figures a dump of 64% from the bubble..in less than a year. They will use the too volatile argument and pass on all ETF's IMHO, well into 2020. This likely is the reason for the dump in price people have lost all hope on ETF's. So that is the choice indeed. Believe in BTC and crypto and ride it out with 1) what you have 2) with what you have and add to the stash 3) bail and sell But, the lower the price the more the 'powers that be" gov't/regulation and just plain pushback from big money....the more likely we will lose even more ground ..under 5k IMHO. So thems the breaks/ and bets now, the above 3 choices...crypto poker as it were....1) HODL 2) raise 3) fold. A bit too pessimistic, but certainly an accurate depiction of some of the underlying dynamics, yet I still think that there is something about the alt coin dynamics too that is affecting this whole "shaking out" situation that you did not mention in your above post. Could partly be an alt coin shake out, too, no? I simply think that the ETF's will be 'strung out' over the next 2 years at best..before they come to fruitaion.... thus it is gonna be like 2014-2016 IMHO. A long 'slog'. There is NO reason for any bureaucrat to make an ETF under the present circumstances, with a 64% drop in value. I HOPE it bounces back up to 6k from the above and stays there ...but again....the new window IMHO is gonna be 4k to 6k w/o any meaningful movement by institutional money and no ETF ...no institutional money...no pump in price...so it really, really is a good time to 'buy' or it is just gonna meander sideways for 2 years. Bitcoin has been there before and likely has returned. Another point, I'm not entirely sure of ...I myself suspect sometime within the next 1-2 years a pretty major recesson..from my USA point of view...so the question becomes....is bitcoin and crypto prices kept up by 'discretionary spending' ie people have extra cash..thus it goes into crypto and BTC? or will BTC act as a store of value in such a recession.. Again, myself I see this 'supposed' recession my part as being around a 40% or more correction. (the normal view of a recession is a 20% pull back) lots of crap ...being juggled...but just can't see any new money coming in, until more sensible regulation of some kind and/or ETF's ..I'd love to be wrong...but what I'm thinking I'll likely HODL my BTC etc and burn my ALT's on the retirement...but, again...perhaps people should buy like hell, because even if it is a long haul to the next wave or crypto price rises and I'm 'supposedly' correct....nothing is gonna happen till gov't and big money are comfortable...and again, they are not very damn comfortable without an ETF and with the 64% drop from the ATH of around 18k or so. What I'm steeling myself for, in HODL mode anyway...As usual, like the rest of you, I really hope I'm full of shit...but damn if this does not seem to me like 2014-2016 with BTC and crypto. brad |
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I'm 100% behind this statement!
Funnily enough I just got off the phone to a pal who told me he knows someone who 'lost' 400 grand in Bitcoin and had a nervous breakdown. He couldn't tell me whether he sold or not. If anyone got in expecting eternal gains then they're a fuckstick. There's lots of rich history of utter ruination to draw on now. If at this point you're taken totally by surprise by a grinding downturn then you clearly haven't read anything beyond the 'buy' on the buy button. I am more in the HODL and HODL camp (since 2015) ...thus probably 'deluded' but 'deluded is how I roll' |
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you are correct if BTC survives in the future..
It MAY hit 1 Trillion...but that may be 3 or 4 years down the line (if it survives that is)
In the short term I
myself, I see it as going down more, with miners and data halls (big guys) now feeling the pinch. Sell some coin, keep the building/etc as a hedge, seems to be the game
now. Can't count on income and thus that would keep the banker at bay. But ugly. If BTC and crypto is not FUD'ed to death after all this, again IMHO, no ETF will be allowed with the price dump of from 18,000 usd to
now $6,358 or using these figures a dump of 64% from the bubble..in less than a year. They will use the too volatile argument and pass on all ETF's IMHO, well into 2020. This likely is the reason for the dump in price
people have lost all hope on ETF's.
So that is the choice indeed. Believe in BTC and crypto and ride it out with 1) what you have 2) with what you have and add to the stash 3) bail and sell
But, the lower the price the more the 'powers that be" gov't/regulation and just plain pushback from big money....the more likely we will lose even more ground ..under 5k IMHO.
So thems the breaks/ and bets now, the above 3 choices...crypto poker as it were....1) HODL 2) raise 3) fold.
If an asset SURVIVES it always goes back to its ATH. Say a stock from the 1920's. However, it may only be due to inflation and time..but survival is the key. So yeah, eventually BTC can get to $ 1 Trillion
be it 4 years to 40 years if it survives as a 'store of value' and has legit use etc
As of now though, I'd be shocked it we got to that point in less than 5 years at the current pump and fud of how the process seems to work.
later
brad
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https://www.newsbtc.com/2018/08/08/fud-fueled-crypto-market-dumps-25-billion-in-24-hours/We're 9.5% down in 24 hours?! Is that how much we fell? REALLY?! Once again traders and hodlers have been suckered into the FUD frenzy and are selling out of crypto. It was hardly as if this decision wasn’t expected and nothing else has really changed in the ecosystem. Total market capitalization has plunged 9.5% on the day resulting in a loss of almost $25 billion. They are currently at their lowest point in 2018 which is just over $231 billion and the bear market is still in full effect.
Aren't you able to do your own math and assessment too? Is 24 hours an important measurement? Don't we need to look at both the UPs and the DOWNs and the context before we get worked up about whether 24 hours was a 7% or a 9% or a 20% drop? Furthermore, if we are attempting to time a little bit short term, then context becomes even more important to determine whether and how much we buy (or sell - which would be dumb) now or wait for the next price move before taking some kind of buy/sell action. Of course, my own portfolio has been in a dominantly buying situation since the price rise to $8,500 with my first buys occurring around $8k and so far down to $6,300 with my next buys set for a bit above $6k... So if we look at the local top, and perhaps I am helping you out too much, then we might see shorter term significance coming from the period in which we came down from $8,500 to nearly $6,100, which is approaching a 30% drop - well 28.2% to be more specific. Anyhow, part of my point remains that any attempt to quibble with numbers provided by someone else (whether in an article or in a post) is to consider the context in which the numbers are presented and attempt to determine if that context is very relevant or if a different context would be more relevant (especially for your own considerations about either what to do or how to perceive the situation). you are correct if BTC survives in the future...myself, I see it as going down more, with miners and data halls (big guys) now feeling the pinch. Sell some coin, keep the building/etc as a hedge, seems to be the game now. Can't count on income and thus that would keep the banker at bay. But ugly. If BTC and crypto is not FUD'ed to death after all this, again IMHO, no ETF will be allowed with the price dump of from 18,000 usd to now $6,358 or using these figures a dump of 64% from the bubble..in less than a year. They will use the too volatile argument and pass on all ETF's IMHO, well into 2020. This likely is the reason for the dump in price people have lost all hope on ETF's. So that is the choice indeed. Believe in BTC and crypto and ride it out with 1) what you have 2) with what you have and add to the stash 3) bail and sell But, the lower the price the more the 'powers that be" gov't/regulation and just plain pushback from big money....the more likely we will lose even more ground ..under 5k IMHO. So thems the breaks/ and bets now, the above 3 choices...crypto poker as it were....1) HODL 2) raise 3) fold. |
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not even at 1/4 of this OP's guess at this time...and I think it is gonna get worse!
Aug 7th 2017 $3,638.38 usd seems the last year was but a 'dream' but still better ....not sure what to think....currently $6,335.00 usd btc.
My view is NOW it will bounce below 5K in that even big miners (data halls) can't pow scrypt mine ANY crypto BTC or whatever at these prices and not be at a loss....thus
they have bankers to pay etc. So I expect a big dump of btc and crypto. Or at least what I've been told by a couple of owners of such.
The choice is pay off the debts/banks and any loans with crypto. If it all goes tulips and the folk pull their contracts for miners or you are under water..you at least salvage the building
and shut your stuff off (hopefully for now). I'm talking 200 -500 unit data halls. Hell, I doubt bitmain is even making $$$ at these prices over costs...at least for their stuff in the states.
so, with those folk, in HODL mode, due to revenue and that revenue goes away as folk shut down....again gonna be ugly yet I think.
likely, now at least 3 years away from OP's prediction in my view...or longer.
brad
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Bitcoin back to where it was 27 days back:
What a waste of time. Sheeit. Aug 7th 2017 $3,638.38 usd seems the last year was but a 'dream' but still better ....not sure what to think....currently $6,335.00 usd btc. My view is NOW it will bounce below 5K in that even big miners (data halls) can't pow scrypt mine ANY crypto BTC or whatever at these prices and not be at a loss....thus they have bankers to pay etc. So I expect a big dump of btc and crypto. Or at least what I've been told by a couple of owners of such. The choice is pay off the debts/banks and any loans with crypto. If it all goes tulips and the folk pull their contracts for miners or you are under water..you at least salvage the building and shut your stuff off (hopefully for now). I'm talking 200 -500 unit data halls. Hell, I doubt bitmain is even making $$$ at these prices over costs...at least for their stuff in the states. so, with those folk, in HODL mode, due to revenue and that revenue goes away as folk shut down....again gonna be ugly yet I think brad |
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ah..sh*t and even 6600 for BTC.....
well, hell it is only $$$ right? FML (sob!)
but with August being lite on volume....the bots and such are gonna have a frigging field day....it seems....
(crypto...too much drama....want some plain boring news...it is like a crypto soap opera
gossip/anticipation of ill gotten gains (etf) ...sh*t....
still going with my original view on the next 2-4 years...EVERYTHING is going down 50% crypto, stocks, house, etc...I myself
see a pretty good recession coming down the pike..my only hope is 1) btc is dumping now rather than later when stock market
chokes 2) a normal recession is a 20% pull back..me I'm expecting 40% deep recession..thus my 50% it GONE viewpoint...
3) should really consider at this point in time being a 'minimalist' sell crap on ebay for btc low prices..if right SCORE...if wrong
hell less crap so its a win/win...
frigging silly hairless primate humans running around hooting and panic'ing and tossing 'poo' ...(metaphorically speaking with FUD)...
frigging amazing we have not blown ourselves back into the stone age yet....(get me off this planet!..I wish to defect!)
and now we are at 6,550..per btc ..the fun never ends here
brad
I know that you (Searing) and I have had several back and forth communications (both publicly on this thread and a few PMs, too), and currently, I am thinking that part of the explanation why you (and this seems to apply to a few others in this thread too, like Rosewater) tend to get more nervous about downfalls in the BTC price, as compared with me, is that you are looking at the downfall in BTC price as a loss of value to you, because you are focusing on the fiat value. Of course, I understand that the fiat value is important, especially in the long term, but I think that I can distinguish myself from you partly based on my attempting to view the opportunities to increase the number of my BTC. Yeah, I am not the only one like this, and there are a few of us who might still be a bit bummed out that the overall fiat value of our holdings is becoming less, but several of us attempt to make lemonade out of these lemons by buying BTC with the dips ... and really if we go to $6k or below $6k, this is going to be like the 4th time that BTC price is visiting these price territories.. .Sure, BTC price could break below $6k (and even below $5,777 which is currently the lowest price for this correction cycle), but nonetheless, we are doing good, no? Can't we buy some more BTC? Can't we attempt to appreciate buying opportunities (even if we are a little bit bummed out because our price direction preference remains, UP)? yeah, just venting but for one point....there is NO legit reason I can see for the fall but FUD....usually, there was more to a fall then FUD or upcoming 'supposed' stuff like the ETF...thus the bottom is not in yet...thus annoying....myself it is also 'bot city' I hope due to August and low volume...kinda prefer the days when an exchange would f*ck up ...at least i had the illusion of 'why' the price dumped (or pumps) for that manner on my side of the fence however I have more than enough ..even if btc hits $1k again to stay in my retired state till full retirement at 65 years (my work IRA gets me the last way home till full 66 years....even if I have to eat all crypto...also 65 medicare kicks in) thus I'm golden (compared to most folk) ....but again, up till Jan of 2018 ..I had the 'illusion', even as an expected bubble that I had a grasp of what the heck is going on (mining/equip flips/etc) er...now NOT SO MUCH...not handling 'humility' well. But again, above is a 1st world problem, I can deal with, no more working for someone no matter how this plays out moon or tulips. so I bitch and moan....again, mostly on the 'illusion' of the past that I had a handle on something with BTC and crypto..er now not so much brad |
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found a decred calculator and man is it ugly! The what to mine site below: https://whattomine.comer....found the calculator of what it would do today...yep doorstop as well it seems ..at my 14c kWh data hall rate with rent anyway... looks like by end of Sept 2018 say, will be better off just staying in the box also. (for doorstop use, units staying in the box MINT, make for ease of use (less friction) as doorstops...a helpful hint) anyway what the what to mine calculator says I'd make TODAY if I had one at the 14c kWh rate at my data hall with rent for electric. https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.14&hcost=0.0&commit=Calculate8c a day...pretty much what the above obelisk sc-1 blake2b doorstops (siacoin) are making a day as well if I had those 5 units as well. oh well, live and learn. Thus the total down after taxes and equip depreciation etc on above 5 obelisk units to get this free decred miner from 5 obelisk sc-1 siacoin miners, was still 1.11 BTC, again live an learn. (I got this, free decred miner, again, for 5 unused 1/2 off obelisk sc-1 siacoin miner coupons..my original doorstops now, so you can follow my logic on the decred miner here, again it seems by the below calcs also unlikely to be nothing more than a doorstop by end of Sept 2018. below for those interested is the price at the USA average electric price (summer rates) of 12c kWh w/o rent at a data hall. https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.12&hcost=0.0&commit=Calculateyea! you make 9c per day at 12c kWh vs 8c per day at 14c kWh my data hall rates included. (FML) anyway, that is the ugly on all this, thanks for listening..but man do we need a price pump on coin! So to 'sum up' even my FREE decred miner (if/when it comes) by the time it comes in Sept 2018, will also be left mint in the box, damn, the sia-tech people seem to be in full 100% doorstop mode on EVERY ASIC, they ever made. Gonna be damn hard, as a result, to run their 'vaunted' siacoin decentralized storage network with those ASIC's after they blow out the GPU miners, if NONE of the ASIC's can mine more than electric at these siacoin prices. As to the decred miners, as an aside, they won't even get out of their cardboard boxes with the other bigger ASIC's already out. well, at least I know I guess...doorstops... later brad Yep Im waiting for my decred miner. Stuff like this is very disappointing and this will be my last miner. Strictly just buying coins/trade now. Lets talk about some future potential upside strategies. 1) Hold every coin you mine, don't sell till decred hits $500 at least 2) your equipment is a deduction and your earnings which is not much can save you during taxes, pay less or none to IRS, maybe even offset your trades profits if you mine in the negative. 3) Invest in solar panels so that way your hardware is never outdated. 4) others miners may capitulate and stop mining thus giving you more coins in hindsight in the next bull run. Not a good position to be in but trying to make the best out of a bad situation all of the above is fine, but I can counter with this 1) I also am not getting any more miners...if I want to gamble I get LISK a pos coin for my trouble. IF crypto comes back in price so will LISK IMHO, if I'm wrong and crypto does not come back we are all screwed anyway 2) It makes no sense to mine at an electric loss on any obelisk units be it siacoin or decred...if you are mining at a loss you are paying MORE for electric than the miner is putting out. Thus better off just putting them in the box and if following your logic At least you are paying out EVEN ...which means NO LESS than you would with electric on these units anyway....thus why mine are going to stay in the box as doorstops. 4) on the other hand your point about the electric I would have put into these makes sense ..you could take that amount of $$$ and put it into decred or whatever...I may do that as a 'thought experiment' but will likely put the output into LISK instead. At least it pays almost 1% a month back (or 0.009%) ....hey its something....but your logic holds, except for the fact if paying more in electric than you are getting out of the units...pay the electric anyway, leave them in the box and as you said get the decred you can that way....a bit more decred...and/or same result. yeah, it really is that bad with these units...what is hilarious in my view is NONE of obelisk products the obelisk sc-1 for siacoin or the obelisk decred miner will EVER make more than electric from their birth in your data hall....a complete goose egg. last year with my tax rate and 25% equip deduction that left me with these units as a (5 obelisk's the decred miner (1) was free for coupons on above 5 1/2 obelisk sc-1 units..not that, that makes any difference in doorstop status) anyway, my risk after above at 41% tax rate and the equip deduction was a 34% RISK...I thought 'surely' no matter how bad it all was I could mine 34% of the cost of the units back to 'break even' at least after electric. Boy, i was beyond wrong, even a 'free' above decred miner likely won't be worth turning on at this rate. (though we may have worse problems in as I look BTC has tanked to $6550 usd) .... So hell, mine is staying in the boxes..though i may do your electric outlay example each month in the coin of my choice just to see if that makes any diff ..in that was what I was gonna pay ..if they could float anyway.... we will be the first to know I guess... brad |
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ah..sh*t and even 6600 for BTC.....
well, hell it is only $$$ right? FML (sob!)
but with August being lite on volume....the bots and such are gonna have a frigging field day....it seems....
(crypto...too much drama....want some plain boring news...it is like a crypto soap opera
gossip/anticipation of ill gotten gains (etf) ...sh*t....
still going with my original view on the next 2-4 years...EVERYTHING is going down 50% crypto, stocks, house, etc...I myself
see a pretty good recession coming down the pike..my only hope is 1) btc is dumping now rather than later when stock market
chokes 2) a normal recession is a 20% pull back..me I'm expecting 40% deep recession..thus my 50% it GONE viewpoint...
3) should really consider at this point in time being a 'minimalist' sell crap on ebay for btc low prices..if right SCORE...if wrong
hell less crap so its a win/win...
frigging silly hairless primate humans running around hooting and panic'ing and tossing 'poo' ...(metaphorically speaking with FUD)...
frigging amazing we have not blown ourselves back into the stone age yet....(get me off this planet!..I wish to defect!)
and now we are at 6,550..per btc ..the fun never ends here
brad
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found a decred calculator and man is it ugly! The what to mine site below: https://whattomine.comer....found the calculator of what it would do today...yep doorstop as well it seems ..at my 14c kWh data hall rate with rent anyway... looks like by end of Sept 2018 say, will be better off just staying in the box also. (for doorstop use, units staying in the box MINT, make for ease of use (less friction) as doorstops...a helpful hint) anyway what the what to mine calculator says I'd make TODAY if I had one at the 14c kWh rate at my data hall with rent for electric. https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.14&hcost=0.0&commit=Calculate8c a day...pretty much what the above obelisk sc-1 blake2b doorstops (siacoin) are making a day as well if I had those 5 units as well. oh well, live and learn. Thus the total down after taxes and equip depreciation etc on above 5 obelisk units to get this free decred miner from 5 obelisk sc-1 siacoin miners, was still 1.11 BTC, again live an learn. (I got this, free decred miner, again, for 5 unused 1/2 off obelisk sc-1 siacoin miner coupons..my original doorstops now, so you can follow my logic on the decred miner here, again it seems by the below calcs also unlikely to be nothing more than a doorstop by end of Sept 2018. below for those interested is the price at the USA average electric price (summer rates) of 12c kWh w/o rent at a data hall. https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.12&hcost=0.0&commit=Calculateyea! you make 9c per day at 12c kWh vs 8c per day at 14c kWh my data hall rates included. (FML) anyway, that is the ugly on all this, thanks for listening..but man do we need a price pump on coin! So to 'sum up' even my FREE decred miner (if/when it comes) by the time it comes in Sept 2018, will also be left mint in the box, damn, the sia-tech people seem to be in full 100% doorstop mode on EVERY ASIC, they ever made. Gonna be damn hard, as a result, to run their 'vaunted' siacoin decentralized storage network with those ASIC's after they blow out the GPU miners, if NONE of the ASIC's can mine more than electric at these siacoin prices. As to the decred miners, as an aside, they won't even get out of their cardboard boxes with the other bigger ASIC's already out. well, at least I know I guess...doorstops... later brad |
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well what is the difficulty like these days for decred? I managed to 'swap' some coupons (got 5 obelisk blake2b miners...a mistake indeed) for ONE free (supposed) obelisk decred miner 1.5th at 500 watt?) that 'supposedly' will come out end of August. In that they have NOT shipped the 'doorstop' siacoin obelisk units the coupons came from ..figure Sept 2018 at best. Even though this was, a free unit (see above) will it even be worth running at that time with more or less current decred prices? I kinda doubt it but figured I'd ask...(well, if I'm screwed on this as well, at least this doorstop was free) (FML) thanks for any info/guesses on this later brad edited: more found a decred calculator and man is it ugly! er....found the calculator of what it would do today...yep doorstop as well it seems ..at my 14c kWh data hall rate with rent anyway... looks like by end of Sept 2018 say, will be better off just staying in the box also. (for doorstop use, units staying in the box MINT, make for ease of use (less friction) as doorstops...a helpful hint) anyway what the what to mine calculator says I'd make TODAY if I had one at the 14c kWh rate at my data hall with rent for electric. https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.14&hcost=0.0&commit=Calculate. 8c a day...pretty much what the above obelisk sc-1 blake2b doorstops (siacoin) are making a day as well if I had those 5 units as well. oh well, live and learn (total down after taxes and equip depreciation etc on above 5 obelisk units to get this free decred miner from coupons was 1.11 BTC, again live an learn) below for those interested is the price at the USA average electric price (summer rates) of 12c kWh w/o rent at a data hall. https://whattomine.com/coins/152-dcr-blake-14r?utf8=%E2%9C%93&hr=1200.0&p=500.0&fee=0.0&cost=0.12&hcost=0.0&commit=Calculateyea! you make 9c per day at 12c kWh vs 8c per day at 14c kWh. (FML) anyway, that is the ugly on all this, thanks for listening..but man do we need a price pump on coin! later brad |
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weeeee Sia 2.0 (free software)
